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Google Acquires YouTube For $1.65 Billion in Stock

Monday, October 9th, 2006 at 4:35 PM - by

Google on Monday announced the acquisition of YouTube for US$1.65 billion in stock. The company said in a press release: "Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community. YouTube will continue to be based in San Bruno, CA, and all YouTube employees will remain with the company. With Google's technology, advertiser relationships and global reach, YouTube will continue to build on its success as one of the world's most popular services for video entertainment. "

Google and YouTube expect the transaction, which was nothing more than a rumor last Friday, to close during the current financial quarter. YouTube on Monday signed content distribution deals with CBS, Sony BMG Music Entertainment, and Universal Music Group. Meanwhile, Google on Monday signed deals with Sony BMG and Warner Music to distribute music videos.

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nealg said:

member since 22 Mar 2006 with 123 posts, unranked, send him a message or view his profile

Mon Oct 09, 2006 6:30 pm

This could be a positive for aapl with the goog guy sitting on aapl's board. Maybe, at some point in time, we will be able to play goog content on an iPod.

Neal

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Tiger said:

member since 17 Jun 2003 with 1018 posts, unranked, send him a message or view his profile

Mon Oct 09, 2006 8:39 pm

you Goob.

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A guest said: (hide)

Tue Oct 10, 2006 5:57 am

nealg wrote:
This could be a positive for aapl with the goog guy sitting on aapl's board. Maybe, at some point in time, we will be able to play goog content on an iPod.

Neal
You already can, if you know how and know the right apps to use *cough isquint*cough...

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